Grow with Repco

Repco Home Finance is flexing it's muscle since the start of this month and it touched it's resistance line first at Rs. 474 and then at Rs. 482 in March. If Repco Home breaks it's resistance line and closes above it then it can go much higher. It's a very good company among other housing finance names with a compounded annual sales growth of nearly 31% in last 10 years and a compounded profit growth of nearly 30% in last 10 years. Average return on equity in last 10 years has been 17% and is available at a PE of 12.3 on trailing twelve month basis. So both fundamentally and technically it can be a good bet. If it closes above 474 then it could be bought with a stop loss at Rs. 433. Happy Investing :)